GALAXYSURF -Cup and Handle - Wkly
Galaxy Surfactants Ltd. shows a classic cup and handle pattern forming on the weekly timeframe. Key points of analysis include:
Neckline: Around ₹3,120.
Potential Upside Target: ₹4,014 based on the height of the cup (about 28.98% potential upside).
Volume Spike: A significant increase in volume suggests strong buying momentum.
Support Levels: ₹3,120.
This breakout from the cup and handle indicates bullish sentiment, with further gains expected if the stock sustains above the neckline.
Neckline: Around ₹3,120.
Potential Upside Target: ₹4,014 based on the height of the cup (about 28.98% potential upside).
Volume Spike: A significant increase in volume suggests strong buying momentum.
Support Levels: ₹3,120.
This breakout from the cup and handle indicates bullish sentiment, with further gains expected if the stock sustains above the neckline.
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